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Why Did Coca-Cola And Pepsi Leave Russia?

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Coca-Cola and Pepsi
Coca-Cola and Pepsi

Coca-Cola and PepsiCo, two of the biggest beverage producers on the globe are joining the largest fast-food chain in suspending business in Russia in the wake of that nation’s invasion of Ukraine.

Why Did Coca-Cola And Pepsi Leave Russia?

Echoing concern for the people of Ukraine voiced earlier in the afternoon by McDonald’s, Atlanta-based Coca-Cola on Tuesday announced it was curtailing operations in Russia.

“Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine,” the multinational stated.

“We will continue to monitor and assess the situation as circumstances evolve,” the statement added.

PepsiCo cited “the horrific events occurring in Ukraine” in suspending sales of Pepsi-Cola, 7 Up, and other brands in Russia, along with capital investments and advertising in that country, where it’s operated for more than 60 years. The company will continue to sell dairy products including milk, as well as baby food and formula, it said.

Starbucks followed suit, saying it was suspending all business activity in Russia, including the shipment of its products. “Our license partner has agreed to immediately pause store operations and will provide support to the nearly 2,000 partners in Russia who depend on Starbucks for their livelihood.”

“We condemn the horrific attacks on Ukraine by Russia,” stated the coffee chain’s CEO, Kevin Johnson.

The companies made their announcements shortly after McDonald’s said it would temporarily close its 850 restaurants in Russia. Like Coca-Cola’s briefer statement, McDonald’s CEO Chris Kempczinski’s open letter to employees stopped short of condemning Russia for its attack.

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